Key Nintendo Exec Departs Company

UPDATE: A representative for Nintendo provided the following statement to IGN about Scott Moffitt's exit from Nintendo:

Scott Moffitt, Executive Vice President of Sales and Marketing, has decided to leave Nintendo of America. In order to ensure a smooth transition, Scott will continue to work through the end of July. Nintendo has a strong group of seasoned leaders in place who will step in to assume the full responsibilities of the role on a permanent basis, with the objective of driving more collaboration and greater efficiencies across these groups and among the respective leaders. We thank Scott for his years of service and wish him the best of luck in his future endeavors.

Original story follows:

Sources at Nintendo have told IGN that executive VP of sales and marketing Scott Mofitt will leave the company later this summer.

The split between Moffitt and Nintendo was described by sources as "amicable." Moffit will remain with company until an unspecified date later this summer. Nintendo has decided to permanently dissolve the position of executive VP of sales and marketing. The responsibilities of this role will be split among members of the company's existing staff.

Moffitt joined Nintendo in 2011 after a five year run at Henkel Consumer Goods, where he served as a senior vice-president and oversaw personal care brands like Dial, Right Guard, and Tone. Moffitt's extensive experience in marketing includes a seven year stint at PepsiCo.